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Cortez Company sells chairs that are used at computer stations. Its beginning inventory of chairs was 210 units at $45 per unit. During the year,
Cortez Company sells chairs that are used at computer stations. Its beginning inventory of chairs was 210 units at $45 per unit. During the year, Cortez made two batch purchases of this chair. The first was a 275-unit purchase at $50 per unit; the second was a 355-unit purchase at $52 per unit. During the period, it sold 535 chairs.
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